Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/frictional unemployment

Jobs, jobs, jobs

unemployment rate. Generally speaking, 2% YoY GDP growth equals no change in unemployment. A 4% GDP increase gives you a 1% decrease in unemployment. Contrarily a 0% YoY change in…

UnReal Business Cycle

…defer it. Because the alternatives are either direct government unemployment benefits on top of a decrease in GDP or a decline in social welfare with generational implications. Another factor may…

THE EMPLOYMENT SITUATION

…when Obama took office. In the modern era every democratic administration saw the unemployment rate fall during their term in office while only one Republican saw the unemployment rate lower…